[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.08.31 11:56
• [The first complete export of domestically produced F-class heavy-duty gas turbines]
• On August 28, 2026, the Dongfang Shuguang 1 heavy-duty gas turbine officially departed from Deyang, Sichuan and was shipped to the Jangbur Oblast of Kazakhstan. This is the first complete export of China's independently developed F-class heavy-duty gas turbine. This national treasure will be used for the first 70 MW gas-fired combined cycle power plant project in the area.Editor/Gong Ziwei

• 2026.08.31 11:51
• [The main body of Huadian Lingbao Pumped Storage Power Station has started construction]
• On August 30, 2026, the main project of Huadian Lingbao Pumped Storage Power Station officially started, marking a new stage of comprehensive implementation of the project construction. The project is located in Zhuyang Town, Lingbao City, Sanmenxia City, Henan Province. It is invested and constructed by Huadian International Power Co., Ltd. It will install four 300000 kW single-stage vertical shaft mixed flow reversible units with a total installed capacity of 1.2 million kW. It is planned to be put into operation for power generation in 2030.Editor/Gong Ziwei